Industrial Bank

Circle | March 30, 2021

Circle, a global financial technology firm that gives payments and treasury infrastructure to internet businesses, today declared a far reaching payments answer for non-fungible token (NFT) marketplaces and storefronts that empowers them to acknowledge Mastercard and crypto payments the same to draw in more standard crowd selection. Circle today likewise divulged approaching highlights that will be made accessible throughout the next few months, including support USDC, BTC and ETH payments, NFT ...

Core Banking

Bank of America | October 17, 2022

Bank of America's innovative online payment solution, Pay by Bank, is now available for euro currency payments. Delivered in conjunction with Banked Ltd., this development follows the UK launch of Pay by Bank in February this year and allows customers of e-commerce companies to pay directly from their bank account. This expansion illustrates how Bank of America is focused on delivering relevant C2B tools to help give its clients a competitive edge. "Pay by B...

Reuters | March 04, 2020

The interest rate on U.S. overnight repurchase agreements slipped on Friday after an operation conducted by the New York Federal Reserve that parked $75 billion in temporary cash in the U.S. banking system. The overnight repurchases agreement (repo) rate was last USONRP= 1.85%-1.95%, compared with 1.90%-2.00% before the latest repo operation. They ended at 1.75% late on Thursday after hitting 10% on Tuesday, according to Refinitiv data. The U.S. central bank has conducted a series of cash-adding...

Visa | May 18, 2020

Visa has filed an application for a U.S. patent on a computer system that would convert physical dollars into digital versions. The system would then remove the paper currency from circulation. ...